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Re:UCC Lien question (1 viewing) (1) Guest
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TOPIC: Re:UCC Lien question
#7010
Lex (User)
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UCC Lien question 7 Years, 9 Months ago Karma: 0  
If the IRS files a tax lien on business property, will that tax lien also take priority on the taxpayer's personal property? If the taxpayer owes a relative money, but the loan is not secured, can the taxpayer and the relative go back and secure the loan after the fact or will the IRS's interest take priority?
 
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Jackie (User)
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Re:UCC Lien question 7 Years, 9 Months ago Karma: 3  
Tax liens take priority over the subsequently filed liens. The issue is whether you would be creating a preference to another creditor over the IRS. If the IRS challenges the subsequent lien, then the court will likely set aside that lien in favor of the IRS
 
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